Support HB406 and end usury in Alabama (Your view)

The Bible says, “If thou lend money to any of my people, even to the poor with thee, though shalt not be to him as a creditor; neither shall ye lay upon him interest” (Exodus 22:25). God’s message is clear -- do not take advantage of those in need. Throughout the Bible, this message is repeated. We should not practice usury, but that is exactly what title loan lenders are doing in Alabama.

Every year, thousands of Alabamians turn to title lenders for access to credit, where they are charged usurious interest rates of up to 300%. These are immoral interest rates, only put into place to extract as much wealth from our most vulnerable citizens as possible. We must put an end to these types of loans by enacting a 36% rate cap. I urge everyone to support HB406 and end usury in Alabama.

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